China’s Ghost Cities and the Asian Real Estate Bubble
After meandering throughTom Woods’ blog I saw this 60 Minutes video he posted about the Chinese ghost cities. This isn’t like the North Korean city of Kijŏng-dong, which was built by Kim Il-Sung with no intention of every… Continue reading
Manufacturing in America
Most people agree that in order to be a great nation, you must make stuff and export it around the world. It is hard to imagine that an over-leveraged service economy spells prosperity for the future. While US manufacturing is… Continue reading
Joe Biden Should Probably Stop Talking
If George Bush set the record as the dumbest President of all time then Joe Biden is making a strong case for the dumbest Vice President of all time. On his trip to China, while discussing our debt situation, he… Continue reading
Update on the Yuan
The Chinese yuan has been the subject of many debates over the last year or so. Treasury Secretary Tim Geithner and President Obama have made a conscience effort to frame the yuan as undervalued and persuade the Chinese to let… Continue reading
The Iowa Car Crop
Did you know that Iowa grows cars in their corn fields? It’s pretty remarkable; you’d think it would garner more media attention. Okay, you got me. Cars aren’t literally grown in Iowa. But through the wonders of trade, for all… Continue reading
Demographic Trends Say Recovery Will Be Slow
Demography, a long-term driver of economic growth.
By Dr. Thomas K Swift Chief Economist and Managing Director of the American Chemistry Council
With the agonizing slow economic recovery, much of the focus has been on aggregate demand, another name for… Continue reading
Paul Krugman Recommends the United States Borrow, Inflate, Default and Steal
Time to Just Get it Over With?
Readers of SwiftEconomics know I’ve been just an incy wincy bit critical of Paul Krugman (see here, here, here and here), but I guess I kind of agree with a… Continue reading
Is The United States Going Bankrupt?
Renowned economic historian Niall Ferguson is usually even-keeled with his predictions. That was not the case about a month ago when he warned that the United States could be nearing a sudden collapse:
“I think this is a problem that… Continue reading
China Considers Move Away From Dollar
Most market pundits feel that China gets an unfair advantage by undervaluing the yuan against the dollar. This may be so, but I have reservations about them un-coupling it. We could probably sell more to China if they did so,… Continue reading
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